I hate to break it to you, but the everything bubble isn’t permanent. OK, I get it–the Bull Market in stocks is permanent. Bulls will be chortling in 2030 that skeptics have been wrong for 22 years–an entire generation. Bonds will also be higher, thanks to negative interest rates, and housing will still be climbing higher, too. Household net worth will be measured in the gazillions. Here’s the Fed’s measure of current household net worth: a cool $100 trillion, about 750% of disposable personal income (DPI): Household net worth has soared $30 trillion in the past decade of permanent monetary and fiscal stimulus. No … Continue reading Once the Bubbles Pop